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Ireland Inflation Rate Eases Slightly in June
Ireland's annual inflation rate eased to 1.6 percent in June of 2021, from an over 2-year high of 1.7 percent in the previous month. Main upward pressure came from housing & utilities (4.9 percent), mainly due to higher prices of home heating oil, electricity, and gas, as well as higher rents and mortgage interest repayments. Other significant contributions came from transports (3.1 percent), underpinned by rising costs of fuel and motor cars; and restaurants & hotels (1.7 percent), primarily due to higher prices for alcoholic drinks and food consumed in licensed premises, restaurants, cafes etc. On a monthly basis, consumer prices edged up 0.2 percent, following a 0.1 percent increase in May.
Published on 2021-07-08

Irish Inflation Rate Jumps to Over 2-Year High
Ireland's consumer price inflation rate climbed to 1.7 percent year-on-year in May 2021, the highest since April 2019, with main upward pressure coming from: housing & utilities (5.4 percent), mainly due to an increase in the cost of home heating oil, electricity and gas and higher rents and mortgage interest repayments; restaurants & hotels (2.9 percent), primarily due to higher prices for alcoholic drinks and food consumed in licensed premises, restaurants, cafes etc; transport (3.6 percent), due to an increase in the cost of petrol and diesel, higher prices for motor cars and a rise in the cost of services in respect of personal transport equipment; and alcoholic beverages & tobacco (1.8 percent), due to a rise in the cost of tobacco products and higher prices for wine and spirits sold in supermarkets and off licenses. On a monthly basis, consumer prices edged 0.1 percent higher in May, following a 0.7 percent increase in April.
Published on 2021-06-10

Irish Consumer Prices Rise Most in 14 Months
Ireland's consumer prices jumped 1.1 percent from a year earlier in April 2021, the largest annual increase since February 2020, with upward pressure coming from: housing & utilities (3.6 percent), mainly due to a rise in the price of home heating oil, an increase in the cost of electricity, higher rents and mortgage interest repayments; restaurants & hotels (2.9 percent), primarily due to higher prices for alcoholic drinks and food consumed in licensed premises, restaurants, cafes etc; alcoholic beverages & tobacco (2.2 percent), due to a rise in the cost of tobacco products and higher prices for wine and spirits sold in supermarkets and off licenses; and health (3.0 percent), due to higher prices for dental and medical services and a rise in the cost of hospital services. On a monthly basis, consumer prices climbed 0.7 percent in April, following a 0.8 percent gain in March.
Published on 2021-05-13

Irish Consumer Prices Flat in March
Consumer prices in Ireland were unchanged in March of 2021, after falling 0.4 percent in the previous month. There were decreases in prices for clothing & footwear (-6.5 percent), transport (-2.7 percent), communications (-2 percent) and furnishings, household equipment & routine household maintenance (-1.5 percent). On the other hand, prices rose at restaurants & hotels (3.1 percent), health (2.7 percent), alcoholic beverages & tobacco (2.2 percent) and housing, water, electricity, gas & other fuels (0.5 percent). Meanwhile, the harmonized index of consumer prices went up 0.1 percent year-on-year in March, rebounding from a 0.4 percent decrease in the previous month. On a monthly basis, consumer prices rose 0.8 percent, following a 0.4 percent gain in February.
Published on 2021-04-08

Irish Deflation Deepens in February
Consumer prices in Ireland fell 0.4 percent year-on-year in February of 2021, following a 0.2 percent decrease in the previous month, which was the softest drop in nine months. Cost fell more for transport (-2.7 percent vs -2.3 percent in January); clothing & footwear (-6.8 percent vs -3.4 percent); communication (-1.3 percent vs -1.1 percent) and furniture & household goods (-2.7 percent vs -2.3 percent). In addition, prices declined for miscellaneous goods and services (-0.4 percent vs 0.3 percent) and those of recreation & culture showed no growth (vs 0.8 percent). On the other hand, cost fell at a softer pace for both food & non-alcoholic beverages (-1.9 percent vs -2.1 percent) and housing & utilities (-0.8 percent vs -1.7 percent). On a monthly basis, consumer prices rose 0.4 percent, after a 0.1 percent increase in January.
Published on 2021-03-11

Irish Consumer Prices Fall the Least in 9 Months
Consumer prices in Ireland went down 0.2 percent year-on-year in January of 2021, easing from a 1 percent drop in the previous month. It was the softest drop in consumer prices since April 2020, as cost fell at a softer pace for housing & utilities (-1.7 percent vs -1.9 percent); transport (-2.3 percent vs -4.1 percent); clothing & footwear (-3.4 percent vs -7.8 percent); communications (-1.1 percent vs -1.8 percent) and furnishings & household equipment (-2.3 percent vs -3.9 percent). Meantime, prices rose further for restaurants & hotels (3.2 percent vs 2.5 percent); recreation & culture (0.8 percent vs 0.9 percent) and alcoholic beverages & tobacco (0.3 percent vs 0.4 percent). On the other hand, cost declined faster for food & non-alcoholic beverages (-2.1 percent vs -1.6 percent). On a monthly basis, consumer prices went up 0.1 percent, following a 0.3 percent advance in December.
Published on 2021-02-18

Irish Consumer Prices Fall the Least in 4 Months
Ireland's consumer prices decreased 1 percent year-on-year in December of 2020, following a 1.1 percent drop in the previous month. It was the nineth consecutive month of declines in consumer prices but the softest since August. Cost fell at a softer pace for housing & utilities (-1.9 percent vs -2.4 percent); clothing & footwear (-7.8 percent vs -7.9 percent) and communication (-1.8 percent vs -2.5 percent). Meantime, prices advanced faster for restaurant & hotels (2.5 percent vs 0.8 percent) and recreation & culture (0.9 percent vs 0.8 percent) while those of alcoholic beverages (0.4 percent vs 1.1 percent) and health (3.4 percent vs 4 percent) slowed. On the other hand, cost dropped faster for transport (-4.1 percent vs -3 percent); food & non-alcoholic beverages (-1.6 percent vs -1.5 percent) and furniture & household goods (-3.9 percent vs -3.7 percent). On a monthly basis, consumer prices went up 0.3 percent, the same as in November.
Published on 2021-01-14

Irish Consumer Prices Fall For 8th Month
Ireland's consumer prices fell 1.1 percent from a year earlier in November 2020, an eight consecutive month of decline, with main downward pressure coming from transport (-3.0 percent), primarily due to a reduction in air fares and lower prices for diesel and petrol; clothing & footwear (-7.9 percent) due to sales; housing & utilities (-2.4 percent), on the back of a reduction in the price of home heating oil, lower rents and a fall in the cost of natural gas; and furnishings, household equipment & routine household maintenance (-3.7 percent), mainly due to the reduced cost of non-durable household goods, furniture & furnishings and household textiles. On a monthly basis, consumer prices rose 0.3 percent in November, the first monthly gain since June.
Published on 2020-12-10

Irish Consumer Prices Fall the Most Since 2010
Ireland's consumer prices decreased 1.5 percent in the year to October of 2020, following a 1.2 percent drop in the previous month. It was the sharpest annual fall since 2010 and the seventh consecutive period of decline, suggesting that domestic demand remained subdued amid the coronavirus crisis. There were decreases in prices for: communications (-7.9 percent), clothing & footwear (-4.4 percent), transport (-4.3 percent) and furnishings, household equipment & routine household maintenance (-4.0 percent). On the other hand, there were increases for health (4.2 percent), alcoholic beverages & tobacco (0.8 percent), recreation & culture (0.7 percent) and restaurants & hotels (0.1 percent). On a monthly basis, consumer prices went down 0.6 percent, after a 0.4 percent fall in September.
Published on 2020-11-12

Irish Deflation Deepens in September
Ireland's consumer prices decreased 1.2 percent in the year to September of 2020, following a 1 percent drop in the previous month. It was the sharpest annual fall since 2010 and the sixth consecutive period of decline, suggesting that domestic demand remained subdued amid the coronavirus crisis. There were decreases in prices for: communications (-8.1 percent), clothing & footwear (-5.8 percent), furnishings, household equipment & routine household maintenance (-3.8 percent) and transport (-3.5 percent). On the other hand, there were increases for education (4.1 percent), health (3.4 percent), restaurants & hotels (1.1 percent) and recreation & culture (1 percent). On a monthly basis, consumer prices went down 0.4 percent, after a 0.1 percent fall in August.
Published on 2020-10-08

Irish Consumer Prices Fall the Most in a Decade
Ireland's consumer prices dropped 1 percent in the year to August of 2020, following a 0.4 percent drop in each of the previous two months. It was the sharpest annual fall since 2010 and the fifth consecutive period of decline, suggesting that domestic demand remained subdued amid the coronavirus crisis. There were decreases in prices for: communications (-8.4 percent), Transport (-4.4 percent), Clothing & Footwear (-3.2 percent) and Furnishings, Household Equipment & Routine Household Maintenance (-2.4 percent). On the other hand, there were increases for education (+4.1 percent), Health (+3.5 percent), Alcoholic Beverages & Tobacco (+2.9 percent) and Recreation & Culture (+1.6 percent). On a monthly basis, consumer prices went down 0.2 percent.
Published on 2020-09-10

Irish Consumer Prices Continue to Fall in July
Ireland's consumer prices dropped 0.4 percent in the year to July 2020, the fourth consecutive period of decline, suggesting that domestic demand remained subdued amid the coronavirus crisis. There were decreases in prices for: communication (-7.0 percent) led by a reduction in the cost of telephone & telefax equipment and telephone & telefax services; transport (-4.3 percent) following a reduction in air fares and lower prices for petrol and diesel; housing & utilities (-2.2 percent) primarily due to a reduction in the price of home heating oil, electricity, gas and lower rents; and food and non-alcoholic beverages (-1.2 percent) amid lower prices across a range of products such as vegetables, sugar, jam, honey & chocolate and mineral waters, soft drinks, fruit & vegetable juices. On a monthly basis, consumer prices were 0.2 percent lower.
Published on 2020-08-13

Irish Consumer Prices Fall for 3rd Month in a Row
Ireland's consumer prices dropped 0.4 percent from a year earlier in June 2020, following a 0.5 percent decline in the previous month, with the largest downward coming from: housing, water, electricity, gas & other fuels (-2.3 percent) mainly due to a reduction in the price of home heating oil, electricity and gas; transport (-1.7 percent) due to lower prices for petrol and diesel; clothing & footwear (-5.1 percent) due to sales; and furnishings, household equipment & routine household maintenance (-3.6 percent) mainly due to the reduced cost of non-durable household goods, furniture & furnishings and household textiles. On a monthly basis, consumer prices increased by 0.3 percent, the first rise in three months, as the country reopened from a coronavirus-induced lockdown.
Published on 2020-07-09

Irish Consumer Prices Fall Most for 5 Years
Ireland's consumer prices fell 0.5 percent from a year earlier in May 2020, the largest decline since April 2015 amid the coronavirus crisis. The divisions which caused the largest downward contribution to the CPI in the year were housing, water, electricity, gas & other fuels, transport, clothing & footwear and furnishings, household equipment & routine household maintenance.
Published on 2020-06-11

Irish Consumer Prices Fall for 1st time in 2 Years
Consumer prices in Ireland fell 0.1 percent year-on-year in April 2020, following a 0.7 percent rise in the previous month. It was the first decline in consumer prices since April 2018, amid the impact of the coronavirus outbreak and lower global oil prices. Cost dropped for transport (-0.4 percent vs 1.8 percent in March) and housing & utilities (-1.2 percent vs 1.6 percent). In addition, prices fell further for furnishings & household equipment (-3.1 percent vs -2.4 percent), and clothing & footwear (-3.9 percent vs -0.9 percent). On the other hand, cost decreased at a softer pace for food & non-alcoholic beverages (-1.2 percent vs -1.6 percent) and communications (-8 percent vs -8.6 percent). On a monthly basis, consumer prices went down 0.4 percent, after rising 0.4 percent in the prior month.
Published on 2020-05-14

Irish March Inflation Rate at 5-Month Low of 0.7%
The annual inflation rate in Ireland eased to 0.7 percent in March of 2020 from 1.1 percent in the previous month, amid the impact of the pandemic coronavirus and lower global oil prices. This was the lowest inflation rate since last October, as prices slowed mostly for housing & utilities (1.6 percent vs 2.9 percent in February); transport (1.8 percent vs 3 percent), namely fuels & lubricants (2.3 percent vs 6.7 percent) and restaurants & hotels (0.9 percent vs 1.3 percent). In addition, costs fell for food & non-alcoholic beverages (-1.6 percent vs -1 percent) and clothing & footwear (-0.9 percent vs -1 percent). On a monthly basis, consumer prices went up 0.4 percent, down from a 0.6 percent increase in the prior month.
Published on 2020-04-09

Irish Inflation Rate at 1.1% in February
Ireland's annual inflation rate eased to 1.1 percent in February 2020 from 1.3 percent in the previous month. The divisions which caused the largest upward contribution to the CPI were: transport (3.0 percent vs 3.1 percent), primarily due to higher prices for petrol and diesel, an increase in the price of motor cars and a rise in air fares; housing & utilities (2.9 percent vs 3.5 percent), mainly due to higher rents and mortgage interest repayments in addition to an increase in the cost of electricity; restaurants & hotels (1.3 percent vs 1.4 percent), primarily due to higher prices for alcoholic drinks and food consumed in licensed premises, restaurants, cafes etc. and an increase in the cost of hotel accommodation; and miscellaneous goods & services (1.3 percent vs 1.1 percent) on the back of higher health insurance premiums and an increase in the cost of childcare services. On a monthly basis, consumer prices rose 0.6 percent, after a 0.7 percent fall in January.
Published on 2020-03-12

Ireland Inflation Rate Steady at 9-Month High of 1.3%
The annual inflation rate in Ireland came in at 1.3 percent in January 2020, the same as in the previous month, and the highest since April. Cost advanced faster for housing & utilities (3.5 percent from 3.3 percent in December); transport (3.1 percent from 2.3 percent); recreation & culture (2.0 percent from 1.6 percent) and alcoholic beverages & tobacco (3.8 percent from 3.1 percent). On the other hand, prices slowed for restaurant & hotels (1.4 percent from 2.6 percent); miscellaneous goods & services (1.1 percent from 1.3 percent) and health (1.0 percent from 1.1 percent). Meantime, prices rebounded for clothing & footwear (1.2 percent from -1.3 percent) while those of food & non-alcoholic beverages (-1.1 percent from -0.9 percent); furniture & household equipment (-2.7 percent from -2.5 percent) and communication (-10.6 percent from -8.8 percent) fell further. On a monthly basis, consumer prices decreased 0.7 percent, down from a 0.2 percent gain in December.
Published on 2020-02-20

Irish December Inflation Rate at 8-Month High of 1.3%
The annual inflation rate in Ireland rose to 1.3 percent in December 2019 from 1.1 percent in the previous month. It was the highest inflation rate since last April. Main upward pressure came from prices of housing & utilities (3.3 percent vs 3.1 percent in November); restaurants & hotels (2.6 percent vs 2.9 percent); transport (2.3 percent vs 0.3 percent); alcoholic beverages & tobacco (3.1 percent vs 2.5 percent) and health (1 percent vs 0.6 percent). At the same time, inflation was steady for education (at 4.1 percent) and recreation & culture (at 1.6 percent). In contrast, cost declined for food & non-alcoholic beverages (-0.9 percent vs -1 percent); communications (-8.8 percent vs -7.3 percent); furnishings (-2.5 percent vs -2.2 percent) and clothing & footwear (-1.3 percent vs -1.1 percent). On a monthly basis, consumer prices went up 0.2 percent, after decreasing 0.1 percent in the previous month.
Published on 2020-01-16

Ireland Inflation Rate Climbs to 5-Month High of 1.1%
The annual inflation rate in Ireland increased to 1.1 percent in November 2019 from 0.7 percent in the previous month. It was the highest inflation since June. The largest upward contribution to the CPI came from restaurants & hotels; housing, water, electricity, gas & other fuels; miscellaneous goods & services and alcoholic beverages & tobacco.
Published on 2019-12-12